Tag Archives: Iraq

Iran is still the number one supplier of natural gas and electricity to Iraq.

An economic delegation form Iraq’s Babil Governorate will arrive in the western Iranian province of Kermanshah on Tuesday for a three-day visit.

Iran’s Road and Urban Development Minister Mohammad Eslami said on Friday that currently his country is conduit to 30 million tons of goods transported between the Far East and Europe. adding that Tehran aims to increase its share to 100 million tons.

Three of the oil officials said Exxon had costed the project at higher than Hyundai’s $2.4 billion.

Iran and Iraq are bound together by centuries of economic. religious and political ties.

Iraq is also planning to rehabilitate a pipeline via Turkey.

Iran has high capacity and potential to export electricity up to twofold of the current capacity to neighboring Iraq.

Iranian Commercial Attaché to Iraq Nasser Behzad announced that the two neighboring countries have signed a new agreement to further ease bilateral trade ties and increase economic cooperation.

The goal is to increase Iraqi export outlets and find markets for the increasing oil production.

It is a good opportunity for Iranian companies to enter the Iraqi market.